Builder’s Risk

Your construction project needs Builder’s Risk coverage.

Builder’s Risk is a property policy that addresses physical damage to a project during the course of construction. Builder’s Risk coverage can be provided on both a project-specific and rolling basis. Coverage extensions within the form include materials at an off-site storage facility, materials in transit, debris removal, and pollutant cleanup and damage to existing property.

  • Single policy insuring the entire project from loss.
  • Coverage for uncontrollable exposures such as Coastal Windstorm, Flood, and Earthquake.
  • First-party policy coverage providing expedient payment to keep project progressing on-time.
  • Insured status for Owner, Lender, Mortgage Holder, Contractor, and all Subcontractors on job.
  • Policy Term: Life of project for project-specific policies.
  • Annual rates are offered for rolling programs covering all projects enrolled in the annual term until project completion.
  • Limits of Liability: Programs available up to $1B+
  • Lower limits may apply for specific projects such as residential frame.
  • Retentions: Project specific.
  • Premiums: Varies by type of construction.
  • Policy Forms: Coverage is provided on an all-risk property form including coverage for windstorm, flood, earthquake and terrorism.

Under a Builder’s Risk policy, property that has become or will become a permanent part of the building is covered. This would include construction forms, falsework, scaffolding, cribbing, or other temporary structures.

Our Insurance Service

All parties involved with an insurable interest in the construction project should be named on the policy and should be familiar with the basic facts regarding builder’s risk.

Contact Us Skip to content